MetLife (MET, Financial) has recently submitted a filing for an automatic mixed securities shelf. This move positions the company to potentially offer a range of securities in the future, allowing flexibility in how it approaches its financing strategies. The filing does not specify immediate plans for issuing new securities, but it provides the foundation for future offerings as needed, aligning with the company's broader financial objectives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for MetLife Inc (MET, Financial) is $92.75 with a high estimate of $110.00 and a low estimate of $73.00. The average target implies an upside of 14.75% from the current price of $80.83. More detailed estimate data can be found on the MetLife Inc (MET) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, MetLife Inc's (MET, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MetLife Inc (MET, Financial) in one year is $89.80, suggesting a upside of 11.1% from the current price of $80.83. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MetLife Inc (MET) Summary page.
MET Key Business Developments
Release Date: May 01, 2025
- Adjusted Earnings: $1.3 billion or $1.96 per share, up 7% from the same period a year ago.
- Adjusted Return on Equity: 14.4% for the first quarter.
- Direct Expense Ratio: 12% for the first quarter.
- Group Benefits Adjusted Earnings: $367 million, up 29% from the prior year period.
- Retirement and Income Solutions Adjusted Earnings: $401 million in the quarter.
- Asia Adjusted Earnings: $374 million, down 12% from the same period a year ago.
- Latin America Adjusted Earnings: $218 million, down 6% from the year-ago period.
- Capital Returned to Shareholders: $1.8 billion through common stock dividends and share repurchases.
- New Share Repurchase Authorization: $3 billion, with total board authorization at $3.4 billion.
- Cash and Liquid Assets: $4.5 billion at holding companies, above the target cash buffer of $3 billion to $4 billion.
- US Statutory Adjusted Capital: Approximately $16.4 billion as of March 31, 2025.
- Japan Solvency Margin Ratio: Expected to be approximately 725% as of March 31.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- MetLife Inc (MET, Financial) reported adjusted earnings of $1.3 billion or $1.96 per share, up 7% from the same period a year ago.
- The company saw favorable underwriting, good volume growth, and better variable investment income in the quarter.
- MetLife Inc (MET) announced a significant risk transfer deal with Talcott Resolution Life Insurance Company to reinsure approximately $10 billion of US retail variable annuity and rider reserves.
- The company returned around $1.8 billion to shareholders through common stock dividends and share repurchases in the first quarter.
- MetLife Inc (MET) has been named among the 100 best companies to work for by Fortune for the third year in a row.
Negative Points
- Adjusted earnings in Asia were down 12% over the same period a year ago due to lower underwriting margins and higher taxes.
- Latin America adjusted earnings were down 6% from the year-ago period, impacted by foreign exchange rates.
- The company experienced a decline in spreads in the RIS business due to lower rates and a flatter curve than expected.
- MetLife Holdings adjusted earnings were down 3% due to the runoff of the business.
- The company faced challenges in the current environment, making it difficult to predict private equity returns.
